This version contains some mistakes and approximations. For a more up-to-date paper you should take a look at the White paper v2 draft [1]. A more formal and t

This version contains some mistakes and approximations. For a more up-to-date paper you should take a look at the White paper v2 draft [1]. A more formal and technical description is presented in the Yellow paper (also draft) [2]. [1] https://github.com/ethereum/wiki/wiki/Whitepaper-2-Draft https://github.com/ethereum/wiki/wiki/Whitepaper-2-Draft [2] http://gavwood.com/Paper.pdf http://gavwood.com/Paper.pdf